They just added ~3.5cents per share in cash to the balance sheet. That's a good outcome. At this rate the net debt to Glencore will be down to ~45m by March 2018 and completely paid out by March 2019. This debt is very manageable with the cashflow being generated.
In summary, lower costs, higher production and great exploration.
Fantastic result. This is worth the wait.
Ann: Quarterly Activities Report - Dec 16, page-4
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Last
21.0¢ |
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Mkt cap ! $355.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $357.4K | 1.722M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121951 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 888884 | 20 |
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| AMI (ASX) Chart |